Blue Trust Inc. Raises Holdings in Jamf Holding Corp. (NASDAQ:JAMF)

Blue Trust Inc. boosted its position in Jamf Holding Corp. (NASDAQ:JAMF) by 238.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,583 shares of the company’s stock after acquiring an additional 2,523 shares during the quarter. Blue Trust Inc.’s holdings in Jamf were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in JAMF. Quarry LP boosted its holdings in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after acquiring an additional 1,405 shares during the period. Versant Capital Management Inc boosted its stake in shares of Jamf by 24.5% in the fourth quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after purchasing an additional 795 shares during the period. Venturi Wealth Management LLC grew its holdings in Jamf by 57.1% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,653 shares of the company’s stock valued at $63,000 after purchasing an additional 1,327 shares in the last quarter. Assetmark Inc. grew its holdings in Jamf by 45.9% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after purchasing an additional 1,387 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Jamf by 1,635.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,069 shares of the company’s stock worth $192,000 after buying an additional 10,431 shares during the period. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Jamf Stock Performance

NASDAQ:JAMF opened at $14.67 on Wednesday. The firm’s 50-day moving average is $14.83 and its 200-day moving average is $16.05. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -26.67, a PEG ratio of 1.02 and a beta of 0.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95. Jamf Holding Corp. has a 52-week low of $13.40 and a 52-week high of $21.41.

Insider Activity

In related news, CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the completion of the sale, the chief accounting officer now owns 33,479 shares in the company, valued at $473,058.27. This trade represents a 9.97 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Piper Sandler lowered their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Tuesday, January 21st. Royal Bank of Canada cut their price target on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. JPMorgan Chase & Co. started coverage on shares of Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price objective for the company. Finally, Barclays dropped their target price on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Friday, January 10th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.80.

About Jamf

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.